Kanwardev Raja Singh Bal - 12 Oct 2023 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: SVP Chief Accounting Officer
Signature: /s/ Bal, Kanwardev Raja Singh by Naixi Wu pursuant to power of attorney filed on December 7, 2022
Issuer symbol: INDI
Transactions as of: 12 Oct 2023
Net transactions value: -$157,385
Form type: 4
Filing time: 16 Oct 2023, 17:50:59 UTC
Previous filing: 05 Sep 2023
Next filing: 05 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INDI	Class A Common Stock	Options Exercise	$0	+69,501	+649%	$0.000000	80,205	12 Oct 2023	Direct
transaction	INDI	Class A Common Stock	Tax liability	$157,385	-31,667	-39%	$4.97	48,538	13 Oct 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	INDI	Phantom Awards	Options Exercise	$0	-69,501	-50%	$0.000000	69,500	12 Oct 2023	Class A Common Stock	69,501		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Class A common stock sold in the open market to pay for withholding taxes in connection with the vesting of phantom awards.
F2	Each phantom award represents a contingent right to receive one share of Class A Common Stock.
F3	Such phantom awards will vest in installments of 69,501 and 69,500 on October 12, 2023 and 2024, respectively.